Top 5 Stock Picks of David Iben’s Kopernik Global Investors

In this article, we discuss the top 5 stock picks of David Iben’s Kopernik Global Investors. If you want to read our comprehensive analysis of Iben’s history, investment philosophy, and hedge fund performance, go directly to Top 10 Stock Picks of David Iben’s Kopernik Global Investors.

5. Range Resources Corporation (NYSE:RRC)

Kopernik Global Investors’ Stake Value: $79.24 million

Percentage of Kopernik Global Investors’ 13F Portfolio: 8.89%

Number of Hedge Fund Holders: 25

Range Resources Corporation (NYSE:RRC) is up next on our list of the top stock picks of David Iben’s Kopernik Global Investors. According to 13F filings for the third quarter, David Iben owns 3.5 million shares worth $79.24 million in Range Resources Corporation (NYSE:RRC), amounting to an 8.89% slice of his overall portfolio.

25 hedge funds had bullish bets on the company shares at the end of the third quarter, holding stakes worth roughly $527 million. With 4.74 million shares, SailingStone Capital Partners is the leading shareholder of Range Resources Corporation (NYSE:RRC) stock at the close of the third quarter.

On January 3, Mizuho analyst Vincent Lovaglio lowered the firm’s price target on Range Resources Corporation (NYSE:RRC) to $24 from $28, and reiterated a ‘Neutral’ rating on the company shares, noting that price target was lowered taking into account lower price expectations for natural gas in 2022 and 2023, although he believes the energy sector is “poised for another year of outperformance” in comparison to the broader market.